Friday, May 8, 2015

Enterprise Group, Inc - Exit

The Board of Enterprise would like to re-price management's option grants at a lower strike price. 
A reasonable person could link this development with last quarter's earnings miss. 

Investing in this company's stock was my mistake, not theirs. They are who they are and I should have known better

In any case, I no longer have any confidence that the earning power of the business will overwhelm the risk of entrusting my capital to these people.